Nifty expected to sink

NSE_EOD:NIFTY   Nifty 50 Index
Nifty             is expected to sink approximately - 200 points. Main reason being bearish engulfing formed in weekly chart. On End of day basis it may look a bit bullish as far as technical levels are concerned. but weekly chart pattern confirming the other way around. It is usualy seen that the next candle of Bearish engulfing usualy opens with a gap down. What is to be seen now is how low it can go.
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
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